ENTREPRENEURSHIP

Detailed explanation-1: -Place can also be referred to as ‘distribution channels’. It includes the physical access point where the product is provided to customers, and the methods of transporting or storing goods before making them available for clients.

Detailed explanation-2: -The four Ps are a “marketing mix” comprised of four key elements-product, price, place, and promotion-used when marketing a product or service. Typically, businesses consider the four Ps when creating marketing plans and strategies to effectively market to their target audience.

Detailed explanation-3: -A product is the tangible good or the intangible service that the enterprise offers to its customers in order to satisfy their needs and to produce their expected results. Products are often identified with their brand names to distinguish them from other products in the market.